Reliance Jio Tops 5G Spectrum Bids With 88,078 Crore, Adani Bought...
Billionaire Mukesh Ambani's Reliance Jio on Monday emerged as the largest bidder for the 5G spectrum, acquiring close to half of all the airwaves sold in the latest auction for ₹ 88,078 crore.
According to Telecom Minister Ashwini Vaishnaw, the Adani group bought 400 MHz, or less than one per cent of all spectrum sold, for 212 crore.
While Adani group bought spectrum in the 26 GHz band, which is not for public networks, Jio acquired spectrum across several bands, including the coveted 700 MHz band that can provide 6-10 km of signal range and forms a good base for fifth generation (5G) in all 22 circles in the country.
A single towner can cover more area if 700 Mhz is used.
Telecom tycoon Sunil Bharti Mittal's Bharti Airtel bought a 19,867 MHz airwave across different bands for 43,084 crore.
Vodafone Idea Ltd bought spectrum for 18,784 crore.
